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Apple, BMW and Cisco are just some of the companies that are transforming the way data is used in insurance.
With promises to bring insurance into the 21st century, Insuretech firms make headlines. But only some are making a real difference in the way the industry works today.
As insurtech is reconfiguring the way the insurance world works, there is plenty of room for similar efforts on the risk management side.
Insureds and carriers agree that more communication can address common claims complaints.
After months of pilot studies, underwriters will soon go live with Maersk on a commercial distributed-ledger system for marine insurance.
Aon Benfield cites growth opportunities as technology becomes more and more integrated into the industry.
Tech startups and data wizards are claiming to make insurance modern, agile, and friendly. Will they succeed where other tech waves have failed?